Blue Owl Capital Inc.
Climate Impact & Sustainability Data (2022, 2024)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:9,386 tCO2e
Scope 1 Emissions:119 tCO2e
Scope 2 Emissions:535 tCO2e
Scope 3 Emissions:8,732 tCO2e
ESG Focus Areas
- Responsible Investing (ESG)
- Diversity, Equity, and Inclusion (DEI)
- Citizenship
Environmental Achievements
- Offset 2022 corporate operations with carbon credits from various avoidance and removal projects (waste to energy, refrigerant reclamation, improved forest management, wind energy).
Social Achievements
- Launched Employee Resource Group (ERG) program (The Parliament, Black Women in Asset Management, 100 Women in Finance).
- Partnered with The Opportunity Network to provide internships for underrepresented college students (40 students benefited in 2022).
- Community Loan Program provided interest-free loans to 11 primarily minority-owned small businesses, resulting in average sales and employee growth of 42% and 29%, respectively.
Governance Achievements
- Established cross-functional ESG working group.
- Rolled out ESG and DEI policies.
- Became signatory of the Principles for Responsible Investment (PRI).
- Established Corporate Sustainability Council.
- Hired Head of ESG and Head of Citizenship.
Climate Goals & Targets
Medium-term Goals:
- Scale DEI and community engagement work.
- Expand carbon accounting to include financed emissions across Credit and GP Strategic Capital platforms, and emissions of downstream leased assets across Real Estate platform.
Short-term Goals:
- Strengthen responsible investing practices to enhance investment screening.
Environmental Challenges
- Scaling ESG assessments across investment platforms.
- Understanding and managing climate risks within investment portfolios.
- Ensuring responsible use of technology in portfolio companies.
Mitigation Strategies
- Developed a proprietary ESG Risk Analysis toolkit for Credit platform.
- Partnered with Watershed for GHG emissions measurement and reporting.
- Implemented an ESG Incident Tracker.
- Conducting in-depth reviews of portfolio companies' internal policies and competitor landscapes.
- Expanding carbon accounting to include financed emissions and emissions of leased assets.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UNGC, SASB, TCFD, GRI, GHG Protocol
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI, TCFD, UNGC